- Charles Hoskinson, the founder of Cardano, and other community members reject the accusation that Cardano is a ‘ghost chain,’ citing over 72.5 million transactions and more than 8.6 million native assets.
- The ADA network’s strength is further demonstrated by the Cardano community’s passion and belief, the recent launch of the Mithril protocol, and the network’s market performance.
Cardano’s Founder Takes a Stand: Charles Hoskinson responded to claims that Cardano is a ‘ghost chain’ with a humorous tweet and a repost of a detailed argument by user TapTools on August 1. They both provided concrete evidence to disprove the ghost chain narrative.
Cardano’s Real Activity: Facts and Figures
Twitter user TapTools provided substantial evidence that the ghost chain status attributed to Cardano is unfounded:
- Transactions: The Cardano blockchain has processed more than 72.5 million transactions, indicating real and ongoing activity.
- Native Assets: With over 8.6 million native assets, Cardano’s ecosystem shows that it is lively and full of innovation.
- Total Value Locked (TVL): The $185 million TVL in Cardano is a sign of community confidence, directly opposing the ghost chain concept.
Additional statistics were provided in a tweet by the Cardanians:
#Cardano is not a ghost chain. The statistics speak clearly:
– 22.6B staked $ADA
– 72.5M TXs processed
– 50K active users in the last 24h
– 8.6M native assets
– TVL is 190M ADA
– 4.2 M wallets
– Cardano belongs to the top 10: NFT, social engagement
– top 20: TVL, DEX activity
— Cardanians | stake with CRDN3 (@Cardanians_io) August 1, 2023
Emphasizing Community Strength
The Cardano community is recognized for its vibrancy and growth, with more than 4.2 million ADA wallets. TapTools praised the community, highlighting shared values and a vision for decentralization, emphasizing that Cardano’s success is driven by more than just statistics.
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Innovation, Decentralization, and Market Performance
Cardano’s recent launch of the Mithril protocol, aimed at increasing node sync efficiency and blockchain decentralization, underscores its commitment to innovation.
Marketwise, ADA’s price at $0.3056, while down 2.34% in the last 24 hours, still marked a modest increase across the previous week and a 5.64% gain over the past month.
Together, these facts and insights dismiss the ‘ghost chain’ accusation, showcasing the ADA network’s strength and the Cardano community’s dynamism, as reinforced by Charles Hoskinson’s tweet:
— Charles Hoskinson (@IOHK_Charles) August 1, 2023
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